Analyst – Payroll Accounting and Statutory Compliance activities - Deloitte Consulting India Private Limited

We are looking for professionals with relevant experience in Payroll Accounting, Reconciliations, Accruals, Amortizations, Audit and Statutory compliance activities, who are looking forward to enhancing career in the Finance field.

Work you’ll do

As a part of this team, you will be involved with:

Job Description:

Primary:

·       Preparing and recording of payroll entries for both Regular payroll and Full and Final settlement in SAP S/4 HANA.

·       Reconciling business expense reimbursement payments and submitting schedules for payment processing on weekly basis for US and India offices

·       Preparing Amortization and accruals on a periodic basis.

·       Operate monthly accounting closure activities for payroll and benefits in SAP ledgers, including reconciling and balancing of payroll accounts in SAP ledgers.

·       Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards.

·       Responsible for timely remittances and filing of returns of all government statutory requirements such as EPF, PT, TDS, LWF, ESIC. Handling notices received from these authorities.

·       Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.

·       Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards and Deloitte accounting policy.

·       Stay updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.

·       To be well versed with latest Payroll and compliance related guidelines.

·       Ensuring compliance with all current Payroll policies, creating Process documents and procedures to ensure each process in Accounting and Compliance is documented.

·       Assist with continuous improvement in accounting and compliance related process.

Secondary:

• Coordinating with stakeholders for obtaining timely and accurate inputs
• Collating, validating, and reviewing stakeholders’ inputs for all employees timely and accurately
• Fielding various payroll inquiries from employees and other stakeholders
• Flag off exceptions observed in the payroll inputs and ensure the same is considered in line with firm policies and guidelines.
• Preparation of ad hoc reports as on when needed basis
• Preparing periodic reporting for leadership and other stake holders
• Should be a great team player, brainstorm common issues within the team and able to suggest resolution plan.
• Ensure strict compliance to PII guidelines

Work Location: Hyderabad

Shift Timings: 11 AM to 8 PM

The team

This position is a part of Deloitte Consulting India Pvt Ltd, within the Financial Services Group – Payroll and Personnel Solutions service line. In the India paying team, the responsibilities assigned are in support of India Payroll activities of the Deloitte India offices across four locations - Hyderabad, Mumbai, Bengaluru and Gurgaon.

Qualifications Required:

• Graduate/postgraduate in Accounting
• Experience in India and US payroll accounting
• Position requires strong analytical skills, ability to multi-task, strong attention to details and accuracy and proficiency in the use of systems, including Microsoft suite of applications, SAP.
• Knowledge of basic auditing and internal control standards.
• Experience in SAP S/4 HANA (will be an added advantage)
• Effective Communication skills
• 1 - 3 years of relevant experience
• Advanced excel skills
• Experience in India payroll processing, data maintenance, accounting & regulatory compliances
• Knowledge of India tax and statutory compliances
• Proven ability to prioritize and work within strict timelines.
• In-depth experience with payroll processing activities, analysis and management reporting
• Good understanding of business terminology, business operations, and financial policies and internal controls
• Integrity and high ethical standards and commitment to data privacy
• Ability to identify complex issues related to nonstandard transactions and processes, and develop solutions to address relevant situations
• Ability to work in a flexible, high pressure and client driven work environment
• Good word processing and spreadsheet skills required
• Effective problem solving and interpersonal skills
• Ability to organize work, document, and report concisely
• A typing speed of 45-50 words per minute with data entry capabilities at 7000 ksph with 5% or less errors
• Good verbal, written communication, and documentation skills
• Should be a great team player, brainstorm common issues within the team and able to suggest resolution plan

• • How you’ll grow

  • Deloitte’s culture
  • Corporate citizenship
  • Learn more about Deloitte’s impact on the world.